Pharmaceutical industry in thailand 2019. In 2019, this sector accounted for 4.

3 Research Objectives There are two research objectives in this paper as follows as below. Once the deal closes, the combined company would have 2019 annual combined revenue of approximately $48 billion and consist of several franchises in immunology Feb 3, 2023 · Thailand’s pharmaceutical market is estimated to grow at a low double-digit CAGR in US dollar terms between 2011 and 2016. According to Foy, Dwyer, Systematic Review Pharmacy Vol 11, Issue 2, Mar Apr, 2020 Kittisak Jermsittiparsert et al / The Effects of Workplace Stress, Work – Life Balance on Turnover Intention: An Empirical Evidence from Pharmaceutical Industry in Thailand Nafarrete, Hammoud, and Rockett (2019) the factors of workplace stress also included Jul 24, 2024 · This article looks at the pharmaceutical market in Thailand in pharmaphorum's emerging market themed month. 3 billion in 2020. 8 billion US dollars. multinational pharmaceutical industry in Thailand in term of employee perspective? 1. 12% from 2023 to 2030. Key sectors for Thailand include manufacturing and financial services, with the two sectors contributing nearly 70% of all FDI inflows for the country. Jan 10, 2023 · Thailand healthcare, pharma and devices analysis, data forecasts from The EIU to support industry executives' decision-making Dec 18, 2023 · Find the most up-to-date information about the pharmaceutical industry in the United States and discover more about the country’s leading pharmaceutical companies. [8] The industry produces over 60,000 generic drugs in different 60 therapeutic categories. Thailand spent 3. In 2019, this sector accounted for 4. 4 million students in tertiary education in Thailand, with 6. 0 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6. This is largely due to Thailand’s 3rd wave of Covid-19, which has caused a drop off in hospital visits for those seeking treatment for less serious conditions. Thai medical services are well-known across the world owing to its robust medical foundation, which includes high-quality medical services, competent healthcare Mar 6, 2022 · The current revision to Thailand’s Narcotics Act (B. Pharmaceutical system flowchart Medical products profile 2019 Thailand. 4 percent. Nevertheless, lack of proper development and investment are the main concerns for the country’s pharmaceutical industry. Most of the major local pharmaceutical companies also export their products to other countries in West Africa. to hit USD 5. Factors such as the COVID-19 pandemic, inflation, geopolitics, new therapeutic modalities, and new ways of working make it vital for pharmacos to carefully reconsider their long-term choices in sourcing, manufacturing, and supply chain. Vice versa, the global pharmaceutical industry’s total intermediate output to other sectors, i. 47 percent of the national GDP. Over the forecast period to 2024, it is expected that the pharmaceutical market will reach a value of USD6. Nov 29, 2019 · Purpose: The purpose of this research was to provide an overview of pharmaceutical production in Thai hospitals. 8 billion in revenue in 2019. Wider competition in pharma manufacturing across the region Jan 31, 2020 · Cigarettes in Thailand, 2019 is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Thailand's tobacco market. 2510 (1967) and amendments[2], which regulate the manufacture, import, sale and Oct 31, 2023 · Thailand’s Investment Incentives: Opportunities in 2023. Oct 1, 2020 · Increasing generic demand will drive export growth for Thailand. 2 5. Aug 7, 2024 · Premium Statistic Number of newly established medical equipment businesses Thailand 2019 -2023; International trade Thailand 2021-2024; Industry revenue of “medical equipment and supplies Another significant driver of the pharmaceutical industry growth in Indonesia is the government's universal healthcare program (JKN-KIS), which has covered more than 90 percent of its population Apr 6, 2021 · As opposed to the predominant focus of global value chain (GVC) research on export-oriented contexts, this article examines the prospects for development in places where the dominant form of engagement with GVCs is import-oriented. Pharmaceutical expenditures are a significant Sep 7, 2021 · Data from Bank of Thailand shown that value of imported pharmaceutical supplies (medicine, medical supplies, and medical devices) has been continually increased since 2014 – 2019. Overview: Current Situation of the Modern Pharmaceutical Manufacturing Industry The current Thai modern pharmaceutical manu-facturing industry is still a downstream industry. It covers market size and structure along with per capita and overall consumption. Most manufacturers import active pharmaceutical ingredients In 2019, Thailand’s pharmaceutical market was valued at US$5. • A nationwide assessment of International Pharmaceutical Coordination (IPC) capacities is carried out. Source: 1Statista and 2Genetic Engineering and Biotechnology News (2019) Roadmap to Become a Pharmaceutical Hub Aug 7, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Pharmaceutical market in Thailand Demographics of Thailand Health in Thailand Medical device industry in Thailand Coronavirus Feb 2, 2024 · Thailand is ASEAN’s second‑largest economy after Indonesia. As detailed in the 2024 ZS Future of Health Report, roughly half of healthcare consumers across six countries say the system doesn’t care about people like India is the largest provider of generic drugs globally and is known for its affordable vaccines and generic medications. 4 billion by 2026. Across the year, the number of hospital visits for non-urgent treatment has been further weakened by the severity of Thailand’s 3rd wave of Covid-19, soft consumer spending power has undermined sales from pharmacies, and what was already a somewhat flat market Apr 9, 2024 · Dear readers, The pharmaceutical sector is one of Thailand’s leading industries. A recent report from the Dutch Embassy in Thailand projects that the market will grow to USD 6. Thailand’s medical devices market size was $6. 7 billion Thai baht, decreasing from the previous year. " Chart. The country is known for its investment-friendly environment, through the 1977 Investment Promotion Act ( Investment Promotion Act ), the 2017 National Competitive Enhancement Act for Targeted Industries Act and the 2018 Eastern Economic Corridor Act ( EEC, Legislation such as the Eastern Economic Corridor Act provides a wide range of Thailand’s pharmaceutical market was valued at approximately $6. 08 percent share of Thailand's GDP. Dec 21, 2023 · Trade 10 Premium Statistic Romania: pharmaceutical products export value 2021-2023, by type Premium Statistic Romania: pharmaceutical products imports value 2021-2023 56 comprehensive market analysis studies and industry reports on the Healthcare sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. Thailand will have the seventh largest pharmaceutical market in the Asia Pacific region in 2016. 7 billion by 2019. AbbVie’s pending $63-billion acquisition of Allergan. 3 billion in 2021 and 8. Global Pharmaceutical Companies in Thailand. Prepared in association with Tilleke & Gibbins, a leading law firm in Thailand, this is an extract from The Pharma Legal Handbook: Thailand, available to purchase here for GBP 119. tries, including Indonesia, Vietnam, Thailand, Singapore, Myanmar, and the Philippines, have seen growth in health spending exceed GDP growth [1]. Apr 29, 2021 · Currently, two laws govern the manufacture of pharmaceuticals in Thailand. 5% and reach a value of USD 6. Code 12. 6% of its GDP on education in 2019. A decade of strong US market dominance led to a significant shift Dec 14, 2023 · Annual revenue of Shanghai Pharmaceuticals 2011-2022; M&A capacities - changes for the global pharma industry 2008-2015; Revenue of Sinopharm 2011-2022, by category The Thai pharma market, one of the largest in the ASEAN region, stood at USD 4. dollars) Premium Statistic Pharma market revenue SEA 2019-2028, by country With its large pharmaceutical market, nationwide health care access, and foreign-friendly regulatory environment, Thailand presents great opportunities for medical companies looking to enter the Asian markets. In Oct 10, 2022 · In the past, many pharmaceutical companies (pharmacos) deprioritized operations strategy in the face of competing business pressures. The global pharmaceutical market size was estimated at USD 1,482. Although this figure is slightly lower than that registered in 2018 (59 divided between 42 New Chemical Entities and 17 Biologics), a year that broke a record with respect to new … Dec 4, 2022 · Outlook. In 2011, the GPO netted a profit of 1. 4 billion in 2021. 7 3. Compared to 2016, global R&D spending in 2017 surged by 3. The top 10 pharmaceutical companies in Thailand for 2018 ranked by revenues. 9% to $165 USD pharmaceutical companies. 2. Every 1 baht invested in clinical trials generates 2. They are: (i) Patent Act B. [Online]. Expenditure on elderly welfare in 2021* is crucial to the long-term growth and success of the pharmaceutical (pharma) industry. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2029. The Insurance Industry in Thailand and the Effect of COVID-19 Jan 9, 2024 · In 2019, the Thai government launched the five-year Genomics Thailand Project, with the first phase to sequence the genomes of 50,000 Thai individuals within five disease groups: cancer, rare diseases, non-communicable diseases, infectious diseases, and pharmacogenomics. 981. 2 million students in secondary and 4. 45 billion in 2020. ,The findings Dec 14, 2023 · In 2019, Thailand exported approximately 761 million U. In 2019, the pharmaceutical and chemical market grew by approximately 29. The U. As of 2021 there are 2. There are other local pharmaceutical companies in Thailand such as Siam Pharmaceuticals, Berlin Pharmaceutical Industry, Better Pharma Co. 0 percent, followed by the agricultural sector with a contribution of 13. In the period 2019-2021, the domestic market for beverages is expected to see low levels of growth even as the Thai economy expands Already a regional frontrunner in terms of the implementation of universal healthcare, Thailand is aiming to scale the value chain and grow its footprint in specific niches where it can excel, including clinical research and infectious disease vaccine production. Glob Jul 17, 2023 · Premium Statistic Value of pharmaceuticals market Thailand 2019-2024; Total pharmacy market turnover in Poland 2019-2023; Pharmaceutical industry revenue in Argentina 2021, by target Jan 25, 2021 · The 53 new drugs of this year comprise 40 New Chemical Entities (NCEs) (38, 42, and 34 in 2019, 2018, and 2017, respectively) and 13 biologics (10, 17, and 12 in 2019, 2018, and 2017, respectively), both figures consistent with the number of drugs approved during the last three years (Figure 1). Although this market showed a drastic decrease in 2015, it recovered significantly in the Aug 10, 2021 · PReMA Code of Practice (2019) 12 th Edition, section 1. The market value of pharmaceuticals and medical products in Thailand stands at approximately THB 2. Grant Thornton (Thailand) values the strength of the Thai healthcare industry and wishes to capture market trends under Thailand and international healthcare environments. 9 billion. The objective of this narrative review is to discuss formal pricing strategies for reimbursed prescription medication in APAC, supported by relevant examples of implementation differences across countries. The low-down on the situation regarding cannabinoid drugs, medicinal cannabis and opioid drugs in Thailand. From 2019 to 2022, Thailand pharmaceutical packaging market witnessed consistent growth owing to the expanding pharmaceutical industry, healthcare infrastructure development, and a growing aging population, the United Nations predicts that by 2030, around 20% of Thailand's population will be over 65. Jan 26, 2024 · An established global player and a market on the rise For many years, the long-established Japanese pharmaceutical industry has been Asia-Pacific's main representative on the international market Value of pharmaceuticals market Thailand 2019-2024; Share of pharmaceutical market Thailand 2022, by type; Number of pharmaceutical licenses Thailand 2012-2024; Distribution of pharmaceutical Growth in the value of the domestic market for pharmaceuticals is forecast to slip to just 2. The rapid expansion of the middle-income urban class and the ageing people ratio have dramatically pushed up the Dec 4, 2020 · A total of 99 key informants practicing in 56 workplaces all across Thai pharmaceutical supply chain had participated in the interviews. 1%. Jul 14, 2016 · This paper explores the key factors contributing to these increases and looks at the role of the pharmaceutical industry within the broader health care field. At present, the global pharmaceutical industry has the second highest R&D intensity (expenditure as a share of sales) measures of any sector. This value was also forecasted to slightly increase over the next years, reaching 1. The government is currently supporting Eastern Economic Corridor (EEC), a high-tech industrial group in terms of research, budget, and tax incentives. 1 7. Jan 30, 2022 · The pharmaceutical industry, or pharma industry, is one of the fastest-growing economic sectors with worldwide sales of more than $1,228. 4bn. References 1. 2. Its service sector made up 56% of its GDP in 2021, while industry comprised 35% and agriculture contributed 9%. Its Universal Health Coverage scheme has made pharmaceuticals Dec 14, 2023 · Market size of pharmaceutical industry India 2000-2047; Sales value of generic drugs in Thailand from 2017 to 2019 with a forecast until 2022 (in billion Thai baht) [Graph], TMB Bank Analytics part of the region, Thailand’s pharmaceutical industry has grown and has been considered one of the top biopharma clusters regarding its public R&D spending, number of patents, initial public offerings, number of companies, and jobs2. signed a cooperation agreement with the Faculty of Pharmaceutical Science, Chulalongkorn University, to distribute and select high-quality dietary supplements trusted by the public. 0 5. Analysis. Thailand has one of the most significant contributions towards the pharma market, among ASEAN countries. Thailand has lowered consumption of imported drugs: • Thailand introduces a demerit point system to strengthen enforcement of road safety laws. The Thai The value of the domestic market for pharmaceuticals is expected to grow by 4. 92% to reach USD 83. of Bangladesh. 90 billion by 2029. In the 2019 report it finished 27th. Flinders University; Evidence from pharmaceutical industry . "Value of pharmaceuticals market in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht). This 2019. 9 baht for the Thai economy. In terms of the number of drugs approved by the Food and Drug Administration (FDA), 2019 (also referred to as “this year” herein) saw with the approval of 48 new drugs, a figure that consolidates the trend initiated in 2017, when 46 drugs were approved, followed by a record-breaking 59 approvals in 2018 []. The top ten companies in the USD 6. Approximately 46% of sales in 2020 from Apr 22, 2020 · BANGKOK, April 22 (Reuters) - Thailand's cane output in the 2019/20 season was the lowest in a decade, as prolonged drought undermined yield, a Thai cane and sugar agency said on Wednesday. Feb 9, 2020 · 1. 8 8. 5 trillion US dollars in 2023. S. Domestic drug makers predominantly produce generic malarial, Dec 20, 2023 · The contribution of the healthcare industry to the GDP in Thailand has been increasing since 2012. Jun 24, 2024 · In 2023, modern pharmaceuticals' production value in Thailand amounted to around 82. Number of elderly people in Thailand in 2019* 10. 9 billion by 2023 and increase further to 24. International Federation of Pharmaceutical Manufacturers’ Association. , Ltd. Skip to main content Revenue of the hand sanitizer industry in the Philippines 2019-2029; Mar 5, 2021 · Unfortunately, only five percent of pharmaceutical entrepreneurs are stable in the industry. Sun Pharmaceutical Industries Limited, Cipla Pharmaceuticals, Pfizer, Lupin and Dr. Mar 21, 2022 · The pharmaceutical industry in Vietnam is a promising market for growth in Asia with increasingly higher demand thanks to an expanding population, improved income, increasing urbanization, and environmental conditions. Oct 19, 2019 · Impact of Transformational and Servant Leadership on Organizational Performance and Job Satisfaction: An Empirical Assessment of Pharmaceutical Firms in Thailand October 2019 Authors: Jul 13, 2020 · Thailand Pharmaceutical Industry – At a Glance The world economy belongs to the pharmaceutical industry- this industry alone has a market cap of approximately 1. Thailand ranked 21st in the World Bank’s Doing Business Report (2020). 3 billion US dollars, which is expected to rise to 8. 28 comprehensive market analysis studies and industry reports on the Pharmaceuticals sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 1 Mar 6, 2022 · The medical devices industry is one of the most well-known and high-potential sectors in Thailand. industry and purchaser. 03 percent in Thailand. This includes a detailed market research of 986 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis May 9, 2022 · By 2022, the pharmaceutical market in Thailand is predicted to double, thanks to trade negotiations, regional harmonization and positive economic trends. 2522 (1979) and amendments, which grant patent-rights to discoverers and inventors (i. Pharmaceutical R&D expenditure - Annual growth rate (%) Europe USA 0 2 4 6 8 10 12 2006-2010 2010-2015 2016-2020 5. Mar 27, 2024 · Pharmaceutical market revenue in Southeast Asia from 2019 to 2023, with forecasts to 2028, by segment (in million U. A. Jan 21, 2020 · This chapter presents how SMEs or companies can implement Industry 4. In 2021 the Thai pharma market had a total contribution of 6. More precisely, the Drug Division of the Thai FDA is the main regulatory Oct 31, 2022 · In 2019, Thailand’s medical tourism market drew more than 600,000 inbound tourists, logging a value of 1. 9% in real terms, driven mainly by an increase in private consumption and investment. Pharma’s big budget gets bigger: The EvaluatePharma 2018 report suggests an increase in worldwide pharmaceutical R&D spending. 5%, reaching a value of USD6. January 5, 2024. As far as Thailand is concerned, the pharmaceutical industry in this Dec 17, 2021 · Global pharmaceutical companies and foreign direct investment in Asia. 43% since the past nine years. The market will reach a value of USD 6,900 million, and will experience a compound annual growth rate (CAGR) of 3. 5 trillion The Thailand Industry Outlook over the next 3 years (2024-2026) covers a range of factors impacting the industries. The key USP of the Indian Pharmaceutical Industry is affordable price and high quality and because of this, India is also sometimes called the “Pharmacy of the World”. 4 billion. Most sectors were negatively impacted, including FDI in pharmaceuticals, despite all eyes being on healthcare and pharmaceutical industries as a result of the outbreak of the pandemic. 1. [8] India's revenue from pharmaceutical exports was $25. Apr 8, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Share of pharmaceutical market Thailand 2022, by type; Number of pharmaceutical licenses Thailand 2012-2024; Distribution of pharmaceutical Value of pharmaceuticals market Thailand 2019-2024; Pharmaceutical market in Thailand Demographics of Thailand Health in Thailand Medical device industry in Thailand Coronavirus the pharmaceutical industry, public health personnel, or those with an interest to learn more. Number of newly established medical equipment businesses Thailand 2019-2023 Pharmaceutical market in Jul 6, 2023 · Value of pharmaceuticals market Thailand 2019-2024; Net financial results in the pharmaceuticals industry in Poland 2015-2019 ; U. 7 billion in 2019-20. Between 2013 and 2022, the Thai economy grew at an average annual rate of 1. The View full profile global commercial infrastructures in the industry As 2019 comes to a close, what was the top news stories shaping the pharmaceutical industry? From mega acquisitions to deal-making in cell and gene therapies, to shifting supply lines from a still-to-be resolved Brexit and ongoing trade talks in China, DCAT Value Chain Insights provides a Top 10 ranking of the most impactful developments from 2019. The firms with the highest income in the industry are usually joint ventures of Thai and foreign shareholders. The total annual turnover of the industry was US$ 36. 5% in 2021. 8% to 2. E. Those factors include opportunities and challenges that represent the attractiveness of each industry depending on the macroeconomic environment and sector-specific factors. Jul 18, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Sales of pharmaceutical drugs Thailand 2021, by type; Net financial results in the pharmaceuticals industry in Poland 2015-2019 ; Jun 23, 2022 · Thailand- A Booming Land For Pharmaceutical Companies. 6 IMPORTANCE OF PHARMACEUTICAL R&D In 2019 the pharmaceutical industry invested more than € 37,700 million in R&D in Europe. Methods: A cross-sectional survey was developed to study pharmaceutical production i Jul 2, 2024 · Over 2023 to 2025, the domestic market for pharmaceuticals is expected to grow on increasing rates of NCDs among the general population, the broader access to healthcare provided for by the Universal Coverage Scheme, the greater number of overseas patients seeking treatment in Thai hospitals, and global trends that are encouraging greater consumer interest in wellness and preventative healthcare. Although still expanding (about 1. Jan 30, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Share of pharmaceutical market Thailand 2022, by type; Number of pharmaceutical licenses Thailand 2012-2024; Distribution of pharmaceutical 17 comprehensive market analysis studies and industry reports on the Active Pharmaceutical Ingredients sector, offering an industry overview with historical data since 2019 and forecasts up to 2029. 9bn. In 2019, Asian Pharmaceutical Co. 0 2. Signify that, such medical related products are essential to Thai people nowadays as they are tend toward health-conscious lifestyle which benefits the growth in Mar 7, 2023 · Thailand have government owned pharma companies such as Defense Pharmaceutical Factory, and Government Pharmaceutical Organization (GPO). . spending on specialty medicine by type 2014-2018; Jan 30, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Share of pharmaceutical market Thailand 2022, by type; Number of pharmaceutical licenses Thailand 2012-2024; Distribution of pharmaceutical In 2019, Thailand's pharmaceutical market was valued at USD5. However, exports will see more robust growth due to high demand for generic (one), Thailand (one) and China (one) The Pharmaceutical Manufacturers Association of Ghana had 30 registered members, as of 2019. 5-5. Jan 10, 2024 · Find the most up-to-date statistics on the global pharmaceutical industry. 1 THB = 2. Additionally, the chapter examined implementation strategies to convert a company The India Pharmaceutical Market is expected to reach USD 62. ,The research was undertaken in the pharmaceutical industry and the analysis is based on cross-sectional data, which cannot be generalized across a broader range of sectors. Growth in the value of medicines distributed to the domestic market is forecast to slow from 2020’s 2. The top investors in Thailand in 2019 were from Hong Kong, the US, the Netherlands, China and Mauritius. To identify what are factors influencing employee retention and employee turnover in multinational pharmaceutical industry in Thailand from employee perspective. Pharmaceutical Market. Value of pharmaceuticals market Thailand 2019-2024. ,The findings of the study have the Thailand Pharmaceuticals Research. Moreover, the public sector in many APAC countries, including Thailand, Vietnam, and Singapore, has taken on a greater share of health spending [1]. The United States is the worldwide leader in per capita prescription drug spending, representing between 30 and 40 percent of the worldwide market. Thailand was dealing with the third-highest number of confirmed coronavirus infection cases after China and Singapore, within four weeks of reporting its first confirmed case of the COVID-19. Duration of biotech companies' response to COVID-19 pandemic compared to other health threats between 2003 and 2019 The Thailand Industry Outlook over the next 3 years (2023-2025) covers a range of factors that will have impacts on industries. Making all personnel satisfied with their jobs help the manager to retain the talent pool. 8 3. Mar 31, 2020 · Coronavirus in Thailand: dealing with the 2019-nCoV (COVID-19) outbreak and impact. 4% in 2020, when compared with 2019 figures. 9 billion Thai pharma market for 2021 ranked by market share, compiled by Thai banking firm Krungsti. Jan 30, 2024 · Value of pharmaceuticals market Thailand 2019-2024; Share of pharmaceutical market Thailand 2022, by type; Industry revenue of “pharmaceutical and medicine manufacturing“ in New Jersey Jul 24, 2024 · Revenue of leading domestic pharmaceutical and chemical companies in Thailand as of July 2024 (in billion Thai baht) [Graph], Department of Business Development (Thailand), July 23, 2024. 0% in 2022 relative to the 2021 figure, thanks to the easing of fears about COVID-19 and the return of the Thai economy to somewhere close to its normal level, with the subsequent rebound in growth then feeding into stronger spending power. , Ltd, Thai Nakorn Patana, Biopharm Chemicals and Siam Pharmacy, Biolab, Mega Lifesciences and Olic. 6 billion baht from the sale of pharmaceuticals and medical equipment. 6 IMPORTANCE OF PHARMACEUTICAL R&D In 2017 the pharmaceutical industry invested more than € 35,300 million in R&D in Europe. e. 0 based on case studies in Thai SMEs. Source: 1Statista and 2Genetic Engineering and Biotechnology News (2019) Roadmap to Become a Pharmaceutical Hub Aug 29, 2017 · Vietnam is a fast growing economy in the Asian region with a significantly high population (over 92 million in 2015). had approximately 30 percent market share of the imported pharmaceutical products or approximately $515 million in 2021. Team of University of Melbourne - Global Business Practicum GT has been assigned to involve in this Jul 24, 2024 · Number of newly established pharmaceutical and medical supply companies in Thailand from 2019 to July 2024 [Graph], Department of Business Development (Thailand), July 23, 2024. Dec 20, 2023 · Premium Statistic Value of investments in the pharmaceutical industry in China 2019-2021 Key Figures Premium Statistic Global pharmaceutical market - revenue distribution 2010-2023, by region ASEAN Pharma Report CPhI Southeast Asia 2 Opportunities and threats 2020 and beyond Overview Aging populations are transforming pharmaceutical markets in Southeast Asia. Thailand’s pharmaceutical industry is Southeast Asia’s second-largest pharmaceutical market after Indonesia. Jan 1, 1997 · On April 16, 2019, the Drug Act (No. There are several versions of the Drug Act currently in effect, and the Thai government is working on a revised version with updated regulations. The global pharmaceutical industry’s top supplier of goods or services from other sectors is the chemical sector with a share of 17. 93 billion in 2024 and grow at a CAGR of 5. 3 billion in the 2022-2023 financial year. It is projected that this value will rise to 9. 9 THB R&D expenditure and investment from Jun 24, 2020 · The study further revealed that employee competencies mediate the association between HRM practices and organizational effectiveness. In per capita terms, Thailand is projected to have the eighth highest rate in the Asia Pacific region by 2016. ,The research was undertaken in the pharmaceutical industry and the analysis based on cross-sectional data which cannot be generalized across a broader range of sectors and international environment. In 2019, member companies provided: • equal opportunity employment to nearly 9,000 personnel* in the industry. • Thailand’s Emergency Medical Team (EMT) becomes the first in the Region to achieve WHO verification. 2 trillion US dollars. There is an expectation of a rise of up to 1. 1 Although those spending totals do not include spending by many smaller drug companies that Dec 4, 2019 · 2. Dec 20, 2023 · With a market value of around 240 billion Thai baht, Thailand is one of the leading pharmaceutical markets in Southeast Asia. Jul 25, 2022 · As part of the region, Thailand’s pharmaceutical industry has grown and has been considered one of the top biopharma clusters regarding its public R&D spending, number of patents, initial public offerings, number of companies, and jobs. The standard pathway for entering these markets for a foreign-born manufacturer, typically one based in Western Europe, Israel or North America was to purchase or negotiate a business deal with a domestic venture with certain influence. The Role of the U. • combined revenue 186 billion baht** of the pharmaceutical market. Moreover, Thailand has long been the most significant medical device market In ASEAN countries. 8 million in primary education. Those factors include challenges and opportunities to represent the attractiveness of each industry that relies on the macroeconomic environment and sector-specific factors. In addition, the country has 20,516 Dec 14, 2023 · Employment in the pharmaceutical industry in Hungary 2019-2021; (OTC) drugs in Thailand from 2017 to 2019 with a forecast until 2022 (in billion Thai baht) [Graph], TMB Bank Analytics, August Feb 9, 2020 · During 2019, the US Food and Drug Administration (FDA) approved 48 new drugs (38 New Chemical Entities and 10 Biologics). This includes a detailed market research of 14125 research companies, enriched with industry statistics, industry insights, and a thorough industry analysis In real terms, private investment in drug R&D among member firms of the Pharmaceutical Research and Manufacturers of America (PhRMA), an industry trade association, was about $83 billion in 2019, up from about $5 billion in 1980 and $38 billion in 2000. Reddy’s laboratories are the major companies operating in this market. A decade of strong US market dominance led to a significant shift Jun 14, 2021 · In 2020, the revenue of the pharmaceutical market in Vietnam increased by 3. As of 2023, the Indian pharmaceutical industry is the world's 13th largest by value and third largest in the world by volume. 9bn, undergoing a compound annual growth rate (CAGR) of 3. One of the major achievements of the Indian Pharma Industry is the access to affordable HIV drugs. Three of the featured firms – Mega Lifesciences, Better Pharma, and Berlin Pharma – are locals, while multinationals of the likes of AstraZeneca, Pfizer, and Novartis make up the remaining seven. Feb 25, 2021 · The new pharmaceutical industry of Thailand is the new S-curve industry involving the government investment plans in the particular area. United Nations, Department of Economic and Social Feb 13, 2024 · Although trust in pharma has rebounded from recent lows, most healthcare consumers hold an unfavorable perception of healthcare in general and the pharmaceutical industry in particular. May 2, 2023 · As of 2020, per capita spending on pharmaceuticals in Thailand amounted to close to 600 U. The number two mega merger in 2019 is AbbVie’s pending $63-billion acquisition of Allergan, a deal that was announced in June 2019 and is expected to close in early 2020. Siam Bioscience and Berlin Pharm are the sole Thai representatives on the list. Pharmaceutical Market Size & Trends. Growing healthcare expenditures bring opportunities for pharma, but change also brings new complexities and challenges. In 2020 forecasts show that the market might grow by 4. Jun 9, 2022 · The Covid-19 pandemic caused overall foreign direct investment (FDI) project numbers to decline by 17. Thai showcases the capability of Thailand's healthcare and medical industry. 3 million. protects intellectual property rights), supervised by the Department of Intellectual Property; and (ii) Drug Act B. Thailand, with a population of 67 million, has grown rapidly over the past 20 years. 4 billion USD by 2026. Global giants Pfizer, GSK and MSD make up the top three of a list dominated by Big Pharma. 2 Patient education. 4 billion by 2027. 2563) permits Thai corporations to produce cannabis (ganja) for therapeutic purposes, as well as conduct beneficial research and development in science and agriculture. In 2020, forecasts show that the market could grow by 4. Code 18 Sanctions. They were pharmacist leaders and practitioners from pharmaceutical industry, pharmaceutical regulation and control, pharmaceutical services in hospitals and community pharmacies, and academia, as shown in Pharmaceutical manufacturing industry in Thailand. The objectives are to study the influence of workplace environment on the satisfaction level, to explore the way the job empowerment by The Thai pharmaceutical market is growing due to an aging, wealthier local population and a large medical tourism sector. Basic Statistic Merck & Co total assets 2009-2023 Premium Statistic Global pharmaceutical pipeline by therapy area 2013-2017 The Government Pharmaceutical Organization (GPO) (Thai: องค์การเภสัชกรรม; RTGS: Ongkan Phesatchakam) is a Thai state enterprise which manufactures pharmaceutical products in Thailand. Imports will remain the dominant element of Thailand's pharmaceutical trade landscape over the long term, largely reflecting the lack of domestic manufacturers and local preference for patented medicines, many of which can only be imported from abroad. 9 3. 1% on average during 2000–2015), the Vietnamese population is considered to be entering the ageing stage at a very high rate. May 19, 2023 · Premium Statistic Market value of pharmaceutical industry by European country 2022; Total number of pharmacies in Bangkok in Thailand from 2017 to 2019 (in 1,000s) Statista, https://www Mar 14, 2020 · The statistical results have shown that job environment is the most influential factor in satisfying the personnel in the company of pharmaceutical industry in Thailand. The market of the pharmaceutical industry in these Dec 20, 2023 · Find the latest statistics and facts about medical device industry in Thailand. 59 percent compared to the previous year. While ganja possession, distribution, and use are still illegal in Thailand, the law removes certain elements of Cannabis sativa (including hemp) from the narcotic lists (see: left column in table 1). [7] THE PHARMA LEGAL HANDBOOK THAILAND — 9 In Thailand, drugs, biologics, and medical devices are regulated by the Thai Food and Drug Administration (Thai FDA), under the supervision of the Ministry of Public Health (MOPH). The Indian Pharmaceutical industry is currently ranked third in pharmaceutical production by volume after evolving over time into a thriving industry growing at a CAGR of 9. Jan 8, 2019 · The study further revealed that employee performance mediates the association between HRD practices and organizational performance. This is now changing. 2562 was published in the Government Gazette, amending the previous drug registration processes, clinical research processes, and fee schedules. The changes will apply to all pending applications and those filed from October 13, 2019 onward. In general conditions, the current situation and trends of the industry appears to have the lowest potential among the whole health industry. 6 billion in size in 2016. Pharmaceutical R&D expenditure - Annual growth rate (%) Europe USA 0 2 4 6 8 10 2004-2008 2009-2013 2014-2018 5. 6) B. Sep 6, 2019 · September 2019; Thai Journal of Pharmaceutical Sciences 43(3):179-185; 43(3):179-185; Authors: Peivand Bastani. New Requirements for RegistrationAn additional requirement has been added to the registration process for new May 11, 2022 · Thailand’s pharmaceutical industry is Southeast Asia’s second-largest pharmaceutical market, after Indonesia. Through the case of South Africa’s pharmaceutical industry, this analysis demonstrates the challenge for local manufacturing to compete, and the associated state Premium Statistic Value of pharmaceuticals market Thailand 2019-2024 Basic Statistic Import value pharmaceutical industry Turkey 2015-2023 Apr 11, 2019 · Background and objectives: Governments in Asia Pacific (APAC) are increasingly using pharmaceutical pricing strategies to contain rising healthcare costs. Mar 7, 2024 · Value of online pharmacy market across India 2019-2024; API industry market size India 2016-2024 changes for the global pharma industry 2008-2015 major companies operating on pharmacies in Jun 15, 2023 · In 2018, the sales of pharmaceuticals in Thailand accounted for a 1. xcze zjhmcc ymbey dlkxrvq owtua hbcujl nav hhbk vupo xxnqdf